the organisation Flashcards
WHAT IS ECONOMIC UPTURNS & RECESSION
The recession can impact organisations as it is cheaper to export goods which can mean more production can hopefully happen.
how political and economic environment can affect cost
With price increases, the profit margin may shrink making it harder to
how political and economic environment can affect revenue
This can impact revenue as it can make the revenue larger or smaller depending on the economical state of the country & political laws
how political and economic environment can affect Turnover
The state of the economic economy can impact the turnover as it depends on cost of living, value of the £
how political and economic environment can affect Supply
The supply for materials can be impacted as the price may increase may make it harder to bulk buy which means not as much production
how political and economic environment can affect Morale
The morale of employees can depend on regulation change and how much profit the organisation is bringing in
how political and economic environment can affect Demand
This may decrease as political regulations may change so production may not be required for certain parts anymore making parts less in demand
how political and economic environment can affect Customer Image
Customer image can be impacted if political image has changed and organisations are still in production for out dated values.
What is a Sole Trader
A business that is owned and ran by one person
What is a Partnership
This is where two or more parties join together to do trade on a business
what is a tall organisational structure
Pyramid Structure. CEO into sub-divisions
what is a wide and flat organisational structure
Flat structure, numerous people directly managed by each manager
what is a fuctional organisational structure
A team structure that groups employees into different departments based on expertise
what is the private sector
A business which is not owned by the government
what is the public sector
Organisations that are owned or funded by the government
what is the voluntary sector
Non profit organisation, individuals do not get paid for their work
